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Yuki888 [10]
3 years ago
7

Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social

Security number and bank account numbers on her desk. Carol's carelessness is violating what federal law
Business
1 answer:
WARRIOR [948]3 years ago
7 0

Answer: Fair and Accurate Credit Transaction Act

Explanation:

From the question, we are informed that Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social Security number and bank account numbers on her desk.

Carol is violating the Fair and Accurate Credit Transaction Act. The Act was put in place to detect and also hinder Identity theft.

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The correct answer is B because there are websites that list businesses for sale along with contact information for dealing.
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3 years ago
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On January 1 of the current reporting year, Coda Company's projected benefit obligation was $29.4 million. During the year, pens
Sav [38]

Answer:

The amount of the projected benefit obligation at December 31 was  $ 38.34 million

Explanation:

According to the given data, we have the following:

Beginning PBO= $29.4 million

Service cost= $9.4 million

The actuary's discount rate was 10%, hence Interest cost (10% x $29.4 million)= $2.94 million

Also, there is a Loss (gain) on PBO=$0 , and pension benefits paid by the trustee were $3.4 million.

Therefore, to calculate the amount of the projected benefit obligation at December 31 we would have to use the following formula:

Ending PBO=Beginning PBO+Service cost+Interest cost-pension benefits

                   =$29.4 million+$9.4 million+$2.94-$3.4 million

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4 0
3 years ago
Steve is staying at a hotel while on business in Chicago, but he forgot to bring his ties. Who would he most likely turn to for
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Answer:

Steve

Explanation:

because he can get in contact with Steve while in the hotel

5 0
2 years ago
Dec. 1 Merchandise with a list price of $4,700 is purchased on account, terms FOB shipping point, 1/10, n/30. The seller prepaid
spayn [35]

Explanation:

The Journal entry is shown below:-

a. Merchandise inventory Dr,       $4,700

          To accounts payable                 $4,700

(Being Purchase of merchandise is recorded)

b. Accounts payable Dr,                $1,600

           To Merchandise inventory       $1,600

(Being Return of merchandise is recorded)

c.  Accounts payable Dr,                $3,100

             To Merchandise inventory        $31

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              To cash account                        $3,069

(Being the amount paid)

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3 years ago
Explain the entries on a W-4 form and describe its purpose.
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